The total cost curve generally has
A. slope values that first decrease and then increase rapidly.
B. slope values that first increase rapidly and then decrease.
C. increasing slope values.
D. decreasing slope values.
Answer: A
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Given the scenario described, if the market price of hammers increased from $6 to $8:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. producer participation in the market would increase. B. producer participation in the market would decrease. C. producer participation in the market would remain unchanged. D. total producer surplus would increase by $2.
The longer and more unpredictable that the policy lags are, the stronger the case for active stabilization policy
a. True b. False Indicate whether the statement is true or false
Anna enters the workforce after being unemployed for a year. How would this be shown on her consumption function?
A. Movement down the consumption function B. Shift upward of the function C. Shift downward of the function D. Movement up along the consumption function
An expansion of the money supply by the country's central bank
A. decreases the willingness of banks to lend money. B. reduces the price level. C. causes domestic interest rates to fall. D. increases the level of international capital inflows.